B. Metzler seel. Sohn & Co. Holding AG Invests $456,000 in Cincinnati Financial Co. (NASDAQ:CINF)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,349 shares of the insurance provider’s stock, valued at approximately $456,000.

A number of other hedge funds also recently bought and sold shares of CINF. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cincinnati Financial in the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC purchased a new stake in Cincinnati Financial in the 3rd quarter valued at $27,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Cincinnati Financial in the 3rd quarter worth $29,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 80 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 1.0 %

Cincinnati Financial stock opened at $156.47 on Monday. The company has a market capitalization of $24.46 billion, a PE ratio of 8.04, a price-to-earnings-growth ratio of 2.95 and a beta of 0.65. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial Co. has a fifty-two week low of $99.92 and a fifty-two week high of $156.87. The firm has a 50 day moving average price of $141.26 and a 200 day moving average price of $129.58.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the firm posted $1.66 earnings per share. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. Research analysts expect that Cincinnati Financial Co. will post 6.32 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.07%. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

Analyst Upgrades and Downgrades

CINF has been the topic of a number of analyst reports. Piper Sandler lifted their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Bank of America lifted their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.